Is Apple Pay Safe for Debit Cards? Security Features Explained
With 50 million users, Apple Pay® is the most widely used mobile payment platform in the U.S today. Apple Pay makes transacting simpler and safer by eliminating the need for physical cards and cash and allowing you to pay with your smartphone.
Despite Apple Pay’s popularity and benefits, some users may be concerned about the safety of their financial information while using the digital wallet due to the rising prevalence of card fraud and cyber threats such as data breaches. This article aims to explore how Apple Pay handles security, answering the following questions:
- How does Apple Pay work?
- Is Apple Pay safe for debit cards?
- What steps can you take to further secure your data during transactions?
How Does Apple Pay Work?
Apple Pay enables you to make purchases on websites, in apps, and at stores that allow contactless payments. Over 85% of retailers in the U.S. accept Apple Pay payments, including eBay, Wish, and Target. The service works with most card issuers, including:
To transact with Apple Pay, you need to add your debit or credit card to the Wallet app on your phone. You can then make payments online by selecting the Apple Pay option at checkout and completing the chosen authentication step or in person by holding your Apple device against the payment terminal. When using Apple Pay, you have access to all your card benefits, such as miles and points. Unlike its competitors, PayPal, Venmo, and Cash App, Apple Pay doesn’t charge any fees to merchants or individuals.
How To Connect Cards to Apple Pay
To set up Apple Pay, you need a compatible device with the latest version of the operating system, a supported card from a participating issuer, and an Apple ID logged into your device. The following table explains how to link cards to different Apple devices: